Business

ISLAMABAD, Sep 11 (APP):A record 98.46 percent of the total authorized funds under the Public Sector Development Programme (PSDP) were utilized across the country during the fiscal year 2024-25, with Rs1.076 trillion spent out of the sanctioned ceiling of Rs1.093 trillion. According to the latest data of the Ministry of Planning, Development and Special Initiatives,…

ISLAMABAD, Sep 8 (APP): Pakistan and China have agreed to encourage airlines from both countries to launch new direct flight routes and expand the number of existing flights. The decision is part of the China-Pakistan Action Plan (2025–2029), which was signed recently in Beijing. The plan brief available with Wealth Pakistan identifies civil aviation as…

ISLAMABAD: Pakistan and China have signed nine Memorandum of Understanding (MoUs) to deepen cooperation in the field of information technology during the second Pakistan-China B2B Conference held in China. Three standout agreements were signed in G2B and B2B  with  Huawei Technologies, said a news release. The first MoU between Huawei Technologies and NTC Pakistan aims…

ISLAMABAD, Sep 05 (APP): The government is preparing to introduce financial incentives, including subsidies and tax exemptions, to accelerate Artificial Intelligence (AI) integration and support digital transformation of industries in Pakistan. According to Ministry of Information Technology documents available with Wealth Pakistan, the initiative is part of a comprehensive roadmap being developed by IT boards…

ISLAMABAD, Sep 2 (APP): Pakistan’s vegetable exports increased by 43.2 percent to $430 million in fiscal year 2024 as compared to the previous year. The country exported a variety of fresh and processed vegetables, including onions, potatoes, brassica, tomatoes, carrots, and garlic, generating valuable foreign exchange earnings in FY2024, said the Pakistan Bureau of Statistics…

LAHORE, Aug 12 (APP): The Punjab government has launched a unique initiative to address the issue of thousands of tons of animal waste produced daily by public and private abattoirs in the provincial capital. Instead of dumping this waste into landfills along with municipal garbage, the Lahore Waste Management Company (LWMC) plans to process it…

ISLAMABAD: PepsiCo Pakistan convened the Misal-e-Basti Policy Dialogue, a closed-door high-level roundtable titled Advancing Water Stewardship through Model Communities, with its strategic partner Sustainable Development Policy Institute (SDPI). The dialogue earned widespread institutional backing, bringing together senior leadership from the federal government, development institutions, diplomatic community, private sector, academia, and policy circles to mobilize cross-sector…

ISLAMABAD, Aug 11 (APP):Federal Board of Revenue (FBR) has set up a new customs port at the National Logistic Corporation (NLC) Border Terminal in Angoor Adda to boost trade with Afghanistan. As per a notification available with Wealth Pakistan (WealthPK), the FBR exercised its authority to formally designate the NLC Border Terminal at Angoor Adda…

LAHORE, Aug 10 (APP): In a bid to combat climate change induced environmental degradation and land erosion, Punjab’s Forest Department has begun using hydroseeding technology to bring barren lands under vegetative cover. Punjab Forest department Chief Conservator Abid Gobdal told Wealth Pakistan (WealthPK), “We have successfully implemented hydroseeding over several acres in Jallo Park near…

ISLAMABAD, Aug 09 (APP): The implementation of the Faceless Customs Assessment (FCA) system has yielded remarkable results as the total revenue collection at Karachi ports surged by 50% year-on-year, reaching Rs342.5 billion in July 2025, up from Rs227.9 billion in the same month last year. According to documents available with Wealth Pakistan (WealthPK), customs duty…